2023-12-31-accounts

Trustees’ annual repSection C: Notes to the accountsort for the period

Period start date 0 1 0 1 2 3 Period end date 3 1 1 2 2 3

Charity name Cornerstone Church Bristol Charity No 1 0 3 8 9 6 3 (if any)

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To propagate the Christian faith by preaching,teaching and helping to meet community needs at home and overseas. By provision of financial and human resources for welfare and education in a Christian context.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	General Charitable Purposes; Education/training; The alleviation of poverty; Religious activities.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic benefit	Para 1.18

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38	Member contributions and tithes are used in accordance with the purposes of the charity (Para 1:17 and 1.19).
Other

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Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Over this year, the church has continued to provide spiritually, pastorally and financially for a regular congregation of 70 people, 2 missionaries and their families and many members of the wider community. Significant repairs to the roof of our building were started in 2023, following guidance from the structural survey commissioned the previous year. This has been funded through the Gift Aid receipts during the year with further building works due to be comissioned during 2024 & 2025 in line with the structural survey conducted in 2022. Funding the urgent repairs has not impacted the Trustee’s financial commitment to our primary purpose.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41	Following Biblical principles, the charity donates> 10% of its income to worthy external causes. Although the 10% has not been met during the year this is due to a strategic change in who we support with new external causes being supported from 2024.The charity has reached all objectives set in the year.
Investment performance against objectives	Para 1.41
Other

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Financial Review

	SORP reference
Review of the charity’s financial position at the end of the period	Para 1.21	The financial position has significantly strengthened in 2023 due to the drawdown of 3 years worth of Gift aid from HMRC which will be used to fund structural repair work to the building along with other projects. Excluding the Gift Aid the charity has made a loss of <£500.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	3 months reserves are held
Amount of reserves held	Para 1.22	£20,000
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The charity continues to be a going concern. The Treasurer, a chartered accountant, keeps an eye on the financial position and updates the Trust board on a monthly basis. The charity has regular income from members and as proven during Covid, can flex it's outgoings to compensate if income decreases.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Member and non-member donations
Investment policy and objectives including any social investment policy adopted	Para 1.46	We tithe 10% of our income to support projects in line with our trust objectives of the relief of poverty and propogation of the Christian faith
A description of the principal risks facing the charity	Para 1.46	Although COVID reduced attendance at Church and the recovery on member attendance has been slower than anticipated, our income is mostly given by bank transfer. This, plus gift aid, covers our running costs and therefore the risk profile remains low
Other

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Structure, Governance and Management

Description of charity’s trusts:	SORP reference
Type of governing document (trust deed,royal charter)	Para 1.25	Charitable Trust
How is the charity constituted? (e.gunincorporated association,CIO)	Para 1.25	Unincorporated Charitable Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed by a unanimous or majority vote of the trust board following recruitment of suitable candidates which includes consulting with our Church Elders.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policies and procedures adopted for the induction and training of trustees	Para 1.51	We follow Charity Commission guidance.
The charity’s organisational structure and any wider network with which the charityworks	Para 1.51	Evangelical Alliance
Relationship with any related parties	Para 1.51
Other

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Reference and Administrative details

Charity name	Cornerstone Church Bristol
Other name the charity uses
Registered charity number	1038963
Charity’s principal address	Christchurch Redland Road Bristol BS6 6AG

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
Agnelo Lourenco		01/12/2023 current
Laurence Sampson
Eliot Warr	Treasurer
Timothy Woodford	Chair

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October 2016

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Reference and Administrative details (cont)

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year

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October 2016

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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Declarations

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Timothy Gordon Woodford Position (eg Secretary, Chair Chair, etc) Date 26/10/2024

Charity Accounts templates – Trustees’ annual report for the period

October 2016

Charity Name No (if any) Receipts and payments accounts Period start date Period end date For the period from 01-01-23 To 12-31-23 CC16a ——	Charity Name No (if any) Receipts and payments accounts Period start date Period end date For the period from 01-01-23 To 12-31-23 CC16a ——	Charity Name No (if any) Receipts and payments accounts Period start date Period end date For the period from 01-01-23 To 12-31-23 CC16a ——	Charity Name No (if any) Receipts and payments accounts Period start date Period end date For the period from 01-01-23 To 12-31-23 CC16a ——
Section A Receipts and payments
	Unrestricted funds Restricted funds Endowment funds Total funds		Last year
	to the nearest £ to the nearest £ to the nearest £ to the nearest £		to the nearest £
A1 Receipts
Offerings (inc Specials) (Gift aid avail) 84,302 - - 84,302 76,110 Offerings (inc Specials) (Non Gift aid avail) 3,240 - - 3,240 2,848 Restricted funds offerings - 2,055 - 2,055 2,745 Church room hire 1,017 - - 1,017 230 Misc. Income - - - - 264 Gift aid 52,582 - - 52,582 - - - - - - - - - - - Sub total(Gross income for AR) 141,141 2,055 - 143,196 82,197 ~~aes~~
A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - - - - - _Total receipts_141,141 2,055 - 143,196 82,197 = ~~SS===~~
A3 Payments Ministry salaries 51,418 - - 51,418 51,095 Acts of Kindness 1,531 - - 1,531 3,248 Mission work 537 - - 537 4,826 Maintenance work 6,095 1,629 - 7,724 7,265 Insurance 9,328 - - 9,328 9,295 Resources for childrens church, youth & students 4,795 - - 4,795 4,619 Website & equipment costs 420 - - 420 3,592 Licence (CCPAS) & Professional fees 1,996 - - 1,996 1,198 General overheads 12,810 2,118 - 14,928 7,473 Sub total 88,930 3,747 - 92,676 92,611 a~~nes~~
A4 Asset and investment purchases, (see table) - - - - - - - - Sub total - - - - - _Total payments_88,930 3,747 - 92,676 92,611 S~~SSeS=~~
_Net of receipts/(payments)_52,211 -1,692 - 50,519 -10,414 A5 Transfers between funds - - - - - A6 Cash funds last year end 22,423 2,745 - 25,168 35,582 _Cash funds this year end_74,634 1,053 - 75,687 25,168 Section B Statement of assets and liabilities at the end of the period ~~————~~
	Unrestricted Restricted		Endowment
Categories	Details funds funds		funds
	to nearest £ to nearest £		to nearest £
B1 Cash funds	Bank 74,763 1,053 - Cash 1,500 - - - - - _Total cash funds_76,263 1,053 - ——_—
	(agree balances with receipts and payments
	account(s)) Agreement Error OK		OK
	Unrestricted Restricted		Endowment
	funds funds		funds
	Details to nearest £ to nearest £		to nearest £
B2 Other monetary assets	- - - - - - - - - - - - - - - - - - =====
	Details Fund to which asset belongs Cost (optional)		Current value (optional)
B3 Investment assets	- - - - - - - - - - S=SSe
	Details Fund to which asset belongs Cost (optional)		Current value (optional)
B4 Assets retained for the	-		-
charity’s own use	-		-
	-		-
	-		-
	-		-
	-		-
	-		-
	-		-
	-		-
	Fund to which Amount due		When due
	Details liability relates (optional)		(optional)
B5 Liabilities	- - - - - ===
CCXX R1accounts (SS) Signed by one or two trustees on behalf of all the trustees	1 10-30-24 Signature Print Name Date of approval ——

Independent examiner's report on the accounts

Section A Independent Examiner’s Report ~~a~~	Section A Independent Examiner’s Report ~~a~~	Section A Independent Examiner’s Report ~~a~~
	Report to the trustees/ members of	Charity Name Cornerstone Ministries Trust (Cornerstone Church Bristol)
	On accounts for the year	31st December, 2023 Charity no 1038963
	ended	(if any)
	Set out on pages
		(remember to include the page numbers of additional sheets)
		I report to the trustees on my examination of the accounts of the above
		charity (“the Trust”) for the year ended31/12/2023
	Responsibilities and	As the charity trustees of the Trust, you are responsible for the preparation
	basis of report	of the accounts in accordance with the requirements of the Charities Act
		2011 (“the Act”).
		I report in respect of my examination of the Trust’s accounts carried out
		under section 145 of the 2011 Act and in carrying out my examination, I
		have followed the applicable Directions given by the Charity Commission
		under section 145(5)(b) of the Act.
	Independent	I have completed my examination. I confirm that no material matters have
	examiner's statement	come to my attention (other than that disclosed below *) in connection with
		the examination which gives me cause to believe that in, any material
		respect:
		● accounting records were not kept in accordance with section 130 of
		the Act or
		● the accounts do not accord with the accounting records
		I have no concerns and have come across no other matters in connection
		with the examination to which attention should be drawn in order to enable
		a proper understanding of the accounts to be reached.
		*Please delete the words in the brackets if they do not apply.
	Signed:	J R Eke Date: 29th October, 2024
	Name:	John Robert Eke ~~PT~~

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October 2018

IER

	Relevant professional qualification(s) or body (if any): Address:	Fellow of the Association of Charity Independent Examiners
		Soarview, 4 Stable Court
		Malborough
		Devon TQ7 3FB
Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

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October 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

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October 2018

IER